The condominium association's monthly assessments are DUE on the 1st of every month and are considered LATE after the 10th of the month. Late fees and interest will be charged to the owner's account every month there is a balance due on the account. Accounts that are more than 30 days past due will be processed for intent to lien.
If an owner is having financial difficulties, they should contact the Association Manager immediately to make a reasonable payment arrangement. The request for a payment plan MUST be submitted in writing and include the amount and frequency of the additional payments to be made. The collection process will continue unless the owner contacts the Association Manager. Late fees and interest will still accrue even if a payment plan is accepted. However, making and abiding by a payment arrangement will hold the collection process of additional late notices, liens, and/or possible attorney action. If owners do not follow through with payment arrangements, the Accounting Department will proceed with the collection process.
Owners that have been turned over to the association's attorney for collection must contact the attorney directly. Contact information can be found on the "CONTACT US" page of this website. The Accounting Department cannot discuss your account with you once it has been sent to the attorney.
The collection process is STRICTLY enforced in order for Lakewood Park Condominium Association to meet its financial obligations.